The report quoted a board letter to employees saying Garg reflected on his leadership during a sabbatical that began last month and worked under the guidance of an executive coach. The letter said the board had full confidence in Vishal and the changes he promised to make, adding that he could provide the company with leadership, focus and vision.
In another letter, the board said it would expand the company’s leadership team. The company is currently looking for a chairman, president and human resources director.
Vishal Garg sent a letter apologizing to employees after the 900-person incident, saying that he did not show proper respect to the affected employees, nor did he express proper appreciation for their contributions, admit his mistakes, and make the employees feel embarrassed.
The Shanghai Composite Index rose 0.29% in half a day, and the ChiNext Index gained 3,100 points and lost again
900 people were bombarded in a video conference, the CEO involved is reported to be returning to work
Hong Kong dollar interest rates generally rose for 1 month, HIBOR rose for 5 consecutive days and continued to hit a new high this year
Tesla, Musk again warns world to focus on underpopulation
Li Shaoyu re-sells Hengteng 72.4% higher than the buying price, Hengteng is now up 2%
Sunac’s reported transfer of equity in multiple projects has risen by 11%
Rumored to re-apply for U.S. listing of Ruixing Coffee: the report is untrue
The Cyberspace Administration of China clarifies that “the operating standards for the listing and investment and financing of Internet companies have never been issued”